1. The basis of classification into three category is the composite criteria of investment in Plant and Machinery or Equipment & Annual Turnover as per the table given below:
Classification |
Micro |
Small |
Medium |
Manufacturing Enterprises and Enterprises rendering services |
* Investment in Plant and Machinery or Equipment -upto Rs. 1 crore * Annual Turnover -upto Rs. 5 Crore |
* Investment in Plant and Machinery or Equipment -upto Rs. 10 crore * Annual Turnover -upto Rs.50 crore |
* Investment in Plant and Machinery or Equipment -upto Rs.50crore * Annual Turnover -upto Rs.250 crore |
2. Further, the Government has developed a system of facilitation for registration of Udyam process w.e.f. 1.7.2020 as given below in brief: